UMB Financial (NASDAQ:UMBF) Downgraded to Sell Rating by StockNews.com

StockNews.com downgraded shares of UMB Financial (NASDAQ:UMBF) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

Several other brokerages also recently issued reports on UMBF. Royal Bank of Canada assumed coverage on UMB Financial in a report on Friday, November 22nd. They issued a “sector perform” rating and a $130.00 price target on the stock. Citigroup initiated coverage on UMB Financial in a report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price target on the stock. Barclays lifted their target price on UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Morgan Stanley initiated coverage on UMB Financial in a research note on Thursday, November 21st. They set an “overweight” rating and a $156.00 target price on the stock. Finally, Wells Fargo & Company lifted their target price on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.00.

UMB Financial Price Performance

Shares of NASDAQ UMBF opened at $124.72 on Monday. UMB Financial has a fifty-two week low of $73.54 and a fifty-two week high of $129.94. The business has a 50 day moving average price of $113.16 and a two-hundred day moving average price of $99.25. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11. The firm has a market cap of $6.09 billion, a PE ratio of 15.59 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, topping the consensus estimate of $2.20 by $0.05. The company had revenue of $716.44 million during the quarter, compared to analyst estimates of $398.83 million. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. During the same quarter last year, the firm earned $2.02 EPS. Sell-side analysts expect that UMB Financial will post 9.21 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Tuesday, December 10th. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s payout ratio is currently 19.50%.

Insider Transactions at UMB Financial

In related news, insider Robert Brian Beaird sold 854 shares of UMB Financial stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total value of $105,366.52. Following the transaction, the insider now directly owns 5,828 shares in the company, valued at $719,058.64. The trade was a 12.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $101.81, for a total value of $2,473,983.00. Following the transaction, the chief executive officer now owns 1,600,904 shares in the company, valued at $162,988,036.24. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,303 shares of company stock valued at $5,830,165. Corporate insiders own 8.85% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. V Square Quantitative Management LLC purchased a new position in shares of UMB Financial during the third quarter valued at $26,000. Covestor Ltd grew its holdings in shares of UMB Financial by 31.0% during the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after buying an additional 102 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of UMB Financial during the third quarter valued at $83,000. Acropolis Investment Management LLC purchased a new position in shares of UMB Financial during the third quarter valued at $156,000. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of UMB Financial during the second quarter valued at $128,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Company Profile

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.